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Zwischengewinn

English translation: intercompany profit

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Zwischengewinn
English translation:intercompany profit
Entered by: Kieran McCann

10:49 Sep 5, 2005
German to English translations [PRO]
Bus/Financial - Accounting / Profit & Loss
German term or phrase: Zwischengewinn
It is reported under Deferred Taxes Notes as Zwischengewinnelimienierung
harmeet19
intercompany profit
Explanation:
it's hard to be definite without detailed context, but I don't think this has anything to do with interim profits earned on fund investments or for part of a full financial year, which is what the references in Steffen's other Kudoz question relate to: there would be no need for such profits to be 'eliminiert', whether or not they are taxable.

This sounds like straightforward elimination of intercompany profits, which is relevant for deferred tax purposes, because it creates imbalances between accounting and taxable profits in different parts of the same group eg because the profits eliminated from one company's accounts are nonetheless taxable in that company's hands (unless there is an Organschaft or similar arrangement) or because intercompany trading gives rise to unrealised gains. Both would need to be reflected in the deferred tax account.

http://www.teitler.ch/3kurzFER11&FER18.ppt
http://www.thomsonlearning.com.au/higher/accounting/jubb/3e/...
Selected response from:

Kieran McCann
United Kingdom
Local time: 02:31
Grading comment
Intercompany profit seems the appropriate in that context

Thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2intercompany profits
RobinB
3 +1intercompany profit
Kieran McCann


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +2
intercompany profits


Explanation:
This is the *accounting* term: the translation for Zwischengewinne referred to by Steffen is for the term used in the context of investment funds, and specifically their taxation.

Not surprisingly, then, Zwischengewinneliminierung = elimination of intercompany profits.

See HGB s. 304 (Zwischenergebnisse = intercompany profits and losses).

RobinB
United States
Local time: 20:31
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 993

Peer comments on this answer (and responses from the answerer)
agree  Kieran McCann: Hi Robin: I took so long I didn't see your answer
25 mins
  -> You essay-writer, you... Thanks anyway.
agree  Alison Schwitzgebel
59 mins
  -> Thanks Alison.
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
intercompany profit


Explanation:
it's hard to be definite without detailed context, but I don't think this has anything to do with interim profits earned on fund investments or for part of a full financial year, which is what the references in Steffen's other Kudoz question relate to: there would be no need for such profits to be 'eliminiert', whether or not they are taxable.

This sounds like straightforward elimination of intercompany profits, which is relevant for deferred tax purposes, because it creates imbalances between accounting and taxable profits in different parts of the same group eg because the profits eliminated from one company's accounts are nonetheless taxable in that company's hands (unless there is an Organschaft or similar arrangement) or because intercompany trading gives rise to unrealised gains. Both would need to be reflected in the deferred tax account.

http://www.teitler.ch/3kurzFER11&FER18.ppt
http://www.thomsonlearning.com.au/higher/accounting/jubb/3e/...

Kieran McCann
United Kingdom
Local time: 02:31
Specializes in field
Native speaker of: English
PRO pts in category: 125
Grading comment
Intercompany profit seems the appropriate in that context

Thanks

Peer comments on this answer (and responses from the answerer)
agree  RobinB: Nice explanation, too!
1 hr
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